Dental Associatesis considering aninvestment which will cost $259,000. Theinvestment produces no cash flows for the first year. In the second year, the cash inflowis $58,000. This inflow will increase to $150,000 and then $200,000 for the followingtwo years before ceasing permanently. The firm requires a 14 percent rate of return andhas a required discounted payback period of three years. Accept or reject this project?Why?